Investment Management Corp of Ontario Has $2.72 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

Investment Management Corp of Ontario lowered its position in shares of Vertiv Holdings Co (NYSE:VRT) by 31.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,942 shares of the company’s stock after selling 10,918 shares during the quarter. Investment Management Corp of Ontario’s holdings in Vertiv were worth $2,720,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora acquired a new position in Vertiv in the 4th quarter valued at approximately $30,000. Tradewinds Capital Management LLC increased its stake in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares during the period. FNY Investment Advisers LLC acquired a new position in Vertiv in the 4th quarter valued at approximately $34,000. Finally, Pittenger & Anderson Inc. increased its stake in Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock valued at $36,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

NYSE:VRT opened at $94.17 on Monday. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The firm’s fifty day simple moving average is $80.47 and its 200 day simple moving average is $106.22. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $35.89 billion, a PE ratio of 73.57, a PEG ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the business posted $0.43 EPS. Vertiv’s revenue was up 24.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. Vertiv’s payout ratio is presently 8.72%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on VRT shares. Roth Mkm started coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price objective on the stock. Roth Capital upgraded shares of Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Barclays dropped their price objective on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Friday, April 4th. KGI Securities started coverage on shares of Vertiv in a research note on Thursday, April 24th. They issued a “hold” rating on the stock. Finally, Cowen restated a “buy” rating on shares of Vertiv in a research note on Thursday, April 24th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and a consensus price target of $120.38.

Insider Activity at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.63% of the stock is currently owned by company insiders.

Vertiv Profile

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.